Summary
Two studies reveal that Walmart’s entry into communities lowers household incomes by 6% over 10 years and increases poverty by 8%, even when accounting for cost savings.
Its practices, such as undercutting competitors, suppressing wages, and squeezing suppliers, harm local economies by reducing employment and forcing smaller businesses to close.
Walmart’s “monopsony power” enables it to pay lower wages and dominate suppliers, compounding these effects.
The findings challenge the idea that low prices alone benefit communities, emphasizing long-term economic harm.
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I agree with all points. I just wonder how much the robots get paid.
I guess technically they pay the company that designed the self checkouts then pay their upkeep in electricity and maintaince. But just you wait for the AI self check outs. It will become self aware and start taking a cut for itself to buy memecoins.